Argentina Tire Market, By Vehicle Type (Passenger Car, Two-Wheeler, LCV, OTR, and M&HCV), By Demand Category (OEM and Replacement), By Tire Construction Type (Radial and Bias) By Region, Competition Forecast & Opportunities, 2026
Argentina tire market was valued at USD1.38 billion in the base year, 2020, which is expected to grow at a CAGR of 6.8% in the forecast period, 2022-2026. The estimated growth can be attributed to the major market driving factors like the increasing production of passenger and commercial vehicles in the country. Also, surging demand for the exportation of tires in neighboring countries like Brazil supports the growth of the Argentina tire market in the upcoming five years. Additionally, expanding the automobile industry in the country further supports the development of the Argentina tire market in the next five years.
The industry is expanding on the backbone of rising demands of vehicles, passenger cars, increasing demand for replacement automobile parts, etc., and driving the growth of the Argentina tire market in the future five years. Brazil is the giant importer of automobiles and automotive parts, including tires from Argentina, and thus accounts for large shares of market growth in Argentina. Low manufacturing cost, cheap and skilled labor in the country, and the availability of the multiple market players in the market are also substantiating the growth of the Argentina tire market in the forecast period.
The Argentina tire market is segmented by vehicle type, demand category, radial v/s bias, competitional analysis, and regional distribution. Based on vehicle type, the market is segmented into passenger cars, two-wheelers, LCV, OTR, and M&HCV. Passenger cars are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on account of surging demand for passenger cars among the young population of the country. Increasing demand for personal vehicles, along with the increasing requirement of replacement of OEM tires is expected to further drive the growth of the Argentina tire market in the future five years.
Major companies operating in the Argentina tire market are FATE S.A.I.C.I, Pirelli Neumaticos S.A.I.C, Michelin Argentina Co. Ltd., Bridgestone Argentina S.A.I.C., Neumaticos Goodyear SRL, Yokohama Rubber Company Limited, Kumho Tire Co. Inc, Continental AG, Hankook Tire Co. Ltd. and Toyo Tyre & Rubber Company Limited. Among them, Pirelli Neumaticos S.A.I.C, Bridgestone Argentina S.A.I.C., Neumaticos Goodyear SRL hold a dominant position in the Argentina tire market due to their competitive pricing strategies compared to other international tire brands available in the country. Manufacturers are also focusing on product innovation, mergers & acquisitions, joint ventures, collaborations, and partnerships to increase their market share in the Argentina tire market.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Objective of the Study:
- To analyze the historical growth in market size of Argentina tire market from 2016 to 2020.
- To estimate and forecast the market size of Argentina tire market from 2021 to 2026 and growth rate until 2026.
- To classify and forecast Argentina tire market segmentation based on vehicle type, demand category, radial vs bias, competitional analysis, and regional distribution.
- To identify dominant region or segment in the Argentina tire market.
- To identify drivers and challenges for Argentina tire market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Argentina tire market.
- To conduct pricing analysis for Argentina tire market.
- To identify and analyze the profile of leading players operating in Argentina tire market.
To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of tire dealers operating in the country. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels and regional presence of all major tire suppliers across Argentina.
TechSci Research calculated the market size for Argentina tire using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Tire manufacturers, suppliers, distributors and other stakeholders
- Vehicle manufacturing companies
- Raw material suppliers
- Associations, organizations, forums and alliances related to tires
- Government bodies such as regulatory authorities and policy makers
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as vehicle manufacturers, distributors and dealers, and policy makers. The study would also help the stakeholders to target the growing segments over the coming years, thereby aiding them in taking investment decisions and facilitating their expansion.
In this report, Argentina tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Argentina Tire Market, By Vehicle Type:
- Passenger Car
- Light Commercial Vehicle (LCV)
- Off-The-Road Vehicle (OTR)
- Medium & Heavy Commercial Vehicle (M&HCV)
- Argentina Tire Market, By Demand Category:
- Argentina Tire Market, By Tire Construction Type:
- Argentina Tire Market, By Region:
- Others (Cuyo, Patagonia, etc.)
Company Profiles: Detailed analysis of the major companies present in Argentina tire market.Companies Mentioned
2.Pirelli Neumaticos S.A.I.C
3.Michelin Argentina Co. Ltd.
4.Bridgestone Argentina S.A.I.C.
5.Neumaticos Goodyear SRL
6.Yokohama Rubber Company Limited
7.Kumho Tire Co. Inc
9.Hankook Tire Co. Ltd.
10.Toyo Tyre & Rubber Company LimitedPlease Note:
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